1. The problem asks to calculate GDP based on the given table of economic values.
2. GDP can be calculated using the expenditure approach formula:
$$GDP = C + I + G + (X - M)$$
where:
- $C$ is Consumption expenditure
- $I$ is Investments
- $G$ is Government expenditure on goods and services
- $X$ is Exports
- $M$ is Imports
3. From the table:
- $C = 750,000$
- $I = 300,000$
- $G = 200,000$
- $X = 250,000$
- $M = 300,000$
4. Substitute the values into the formula:
$$GDP = 750,000 + 300,000 + 200,000 + (250,000 - 300,000)$$
5. Simplify inside the parentheses:
$$GDP = 750,000 + 300,000 + 200,000 + (-50,000)$$
6. Add the values:
$$GDP = 750,000 + 300,000 + 200,000 - 50,000 = 1,200,000$$
7. Therefore, the GDP equals $1,200,000$.
The correct answer is d. 1,200,000.
Gdp Calculation B456C2
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